SEOUL, Nov. 17 (Korea Bizwire) – Hyundai Motor Co. and its smaller affiliate Kia Motors Corp. saw sales in Europe grow in October, driven by strong demand for sport utility vehicles, industry data showed Tuesday. According to data by a local automotive association, Hyundai Motor sold 37,967 cars in Europe last month, up 4.4 percent [...]
SEOUL, Nov. 17 (Korea Bizwire) – The South Korean arm of the world-famous coffee chain Starbucks and the country’s ICT ministry said Tuesday they will launch what they call a “startup cafe,” where visitors can share experiences and ideas on starting a new company. Starbucks and the Ministry of Science, ICT and Future Planning said [...]
SEOUL, Nov. 17 (Korea Bizwire) – South Korea’s LG Display Co. maintained its top position in the large-sized panel market for the sixth consecutive year, data showed Tuesday, coming in far above other South Korean and Taiwanese rivals. LG shipped 39.4 million units of display panels 9 inches or higher in the July-September period with [...]
SEOUL, Nov.16 (Korea Bizwire) – As the market for direct purchase products from overseas continues to show dramatic annual growth, it is estimated that by 2020 the annual trade volume will exceed $20 billion. Researcher Kim Gwang-seok from the Hyundai Research Institute (HRI) emphasized the need to establish policies that respond to the changing market, [...]
SEOUL, Nov. 16 (Korea Bizwire) – LG Electronics Inc.’s organic light-emitting diode (OLED) TV has received the best response from a U.S. consumer review magazine, industry sources said Monday. In the recent review by Consumer Reports, the 55-inch LG OLED TV, dubbed the 55EG9100, has received the top grade among other rival models surveyed in [...]
SEOUL, Nov. 13 (Korea Bizwire) – Samsung Electronics has taken first place for the second time in a row in an Italian survey on customer satisfaction of home electronics conducted by ‘Corriere della Sera’, Italy’s best-selling daily newspaper. Corriere della Sera conducted a survey on 20,000 consumers asking them how satisfied they were with the [...]
INCHON, Nov.12 (Korea Bizwire) – The local government of Incheon has set out to create jobs for the elderly, teaming up with a logistics company. Incheon’s city government signed an agreement with CJ Korea Express and the Korea Labor Force Development Institute for the Aged to cooperate on carrying forward the ‘Incheon Silver Total Distribution [...]
SEJONG, Nov.12 (Korea Bizwire) – Koreans have turned out to be the biggest consumers of instant ramen noodles in the world, feasting on an average of 76 packs of instant ramen noodles every year. Despite the declining growth of the domestic noodle industry, the ramen market has continued to expand, reaching a $180 million export [...]
Dubai’s Department of Tourism and Commerce Marketing (DTCM) has established an official office in Korea, in hopes of attracting Korean tourists. (Image : Pixabay) SEOUL, Nov.11 (Korea Bizwire) – Dubai’s Department of Tourism and Commerce Marketing (DTCM) has established an official office in Korea, in hopes of attracting Korean tourists. The new Korean office is [...]
SEOUL, Nov.11 (Korea Bizwire) – The American membership-only warehouse club ‘Costco Wholesale Korea’ opened its online shopping mall (www.costco.co.kr) on November 10. It is the first among the Asian countries Costco has entered, and the fifth online shopping site after the U.S., England, Canada and Mexico. Customers that are Costco members who register online can [...]